News & Events

Record €12.7 billion investment in transport now ready to deliver better mobility, new jobs and growth

Date: 18/01/2016

Announced in June 2015, the Commission's investment plan for the transport sector is now fully operational, after the Innovation and Networks Executive Agency (INEA) finalised the signature of all grant agreements for projects selected under the 2014 Connecting Europe Facility (CEF). A total of €12.7 billion of EU investment will support 263 transport projects contributing to faster, safer and greener mobility in the EU. This will also play a major role in bridging the investment gap in Europe, which is one of the Commission's top priorities.

EU Commissioner for Transport Violeta Bulc said "I am glad that today the largest investment ever made by the EU in the transport area is becoming a reality. All these projects will better connect Europe and boost competitiveness, growth and jobs. By contributing to the decarbonisation of the transport sector through greener fuels and digital integration, they will also advance on two priorities of the Commission: Energy Union and Digital Agenda."

Among the beneficiaries are flagship initiatives such as Rail Baltica as well as smaller-scale projects, such as the Groningen-Bremen rail connection. All will directly benefit European citizens and businesses.